Cardano’s (ADA) ecosystem continues to expand despite the uncertainty in the cryptocurrency market, which has been heavily impacted this year by the implosion of the Terraform Labs ecosystem and now by the crypto exchange collapse involving FTX.

In this line, Cardano wallet growth accelerated, adding 30,000 wallets in a week amid the FTX collapse. Besides that, the number of Cardano-based smart contracts also surpassed 4,000 for the first time, growing over 300% for the first time this year.

(By Jordan Major)